Etios launch confirmed for December

Etios launch confirmed for December  Japanese automobile major and the global market leader in the automobile sphere, Toyota Motor Corporation has confirmed that the company will launch its new small car 'Etios' in December this year. While the sales are expected to begin in January next year, the company has so far not confirmed that whether the first model could be the sedan version or the hatch version of the product.

Commodity Outlook for Turmeric by KediaCommodity

TurmericTurmeric yesterday we have seen that market has moved -1.04% on hopes of higher acreage, sl

Commodity Outlook for Chana by KediaCommod

ChanaChana dropped Rs 60 and settled at Rs 2323 per quintal on good rainfall in kharif pulses growing areas and forecast of more rains in the next two days. In Delhi spot market, chana fell 14 rupees to end at 2,261 rupees per 100 kg. According to the fourth advance estimates, the production of chana (gram) in 2009-10, is likely to be 7.35 million tonnes against the actual production of 7.06 million tonnes last year.  The volume was noted at 136520 lots. Support for chana is at 2295 below that could see a test of 2268. Resistance is now seen at 2365 above that could see a resistance of 2408.

Trading Ideas:

Chana trading range is 2268-2408.

Tata turns Logistics provider for CWG

Tata turns Logistics provider for CWG  The CWG officials are surely having a tough time in getting sponsors for the much-awaited sporting event Commonwealth Games but they surely have bagged one of the biggest names in the Indian business - Tata.

According to the sources, the deal is barter among the two parties wherein, the home-grown automobile major will provide 1,800 new cars to organisers of Commonwealth Games to ferry athletes in lieu of its advertisements as a logistics solutions sponsor for the 12-day sporting event.

Commodity Outlook for Soyabean by KediaCommodity

SoybeanSoyabean yesterday we have seen that market has moved -2.94% on forecast of rains in key soybean growing states and weakness in the overseas markets. Rainfall in soybean-growing central India has changed sentiment. In the Indore spot market, soybean fell by 49 rupees to 1,990 rupees per 100 kg. Market has opened at 2074.5 & made a low of 1995.5 versus the day high of 2074.5. The total volume for the day was at 107000 lots and the open interest was at 80960.Support for soyabean is at 1980 below that could see a test of 1948. Resistance is now seen at 2059 above that could see a resistance of 2106.

Trading Ideas:

Sanand land on a high

Sanand land on a high  Since the point of time when the Chief Minister of Gujarat Narendra Modi sent an SMS to Ratan Tata to come to Gujarat and it make it the home for the small wonder - Tata Nano, the Sanand land has turned into gold. According to the estimates, after Tata's decided to shift to Gujarat, the land prices have gone up by almost 25 times and the farmers operating and living around the area are surely thanking their stars.

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News in Focus

Kalyan Jewellers Share Price Target at Rs 786: BOB Capital Markets

BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.

Tata Steel Share Price Could Reach Rs 230: ICICI Securities

ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.

Pricol Share Price Target at Rs 935: Axis Securities

Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.

Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.

ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.

Stylam Industries Share Price Target at Rs 3,750: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric